Atlantic American Q1 net income $2.8M ($0.13 per share) from prior-year loss

ATLANTIC AMERICAN CORP

2022-Q1 EPS reported $0.13 revenue$51,608,000

Net income of $2.8M ($0.13 per share) vs net loss of $0.4M ($0.03 loss per share) in Q1 2021.
Premium revenue increased 2.2% to $47.1M from $46.1M year-over-year.
Operating income rose to $1.6M from operating loss of $1.4M in prior-year quarter.
Improvement driven by favorable loss experience in life and health operations.
CEO highlights momentum in voluntary benefits division and expected premium growth.

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